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Skandinaviska Enskilda Banken AB publ reduced its stake in Canadian Solar Inc. (NASDAQ:CSIQ - Get Rating) by 12.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 160,918 shares of the solar energy provider's stock after selling 22,337 shares during the quarter. Skandinaviska Enskilda Banken AB publ owned 0.25% of Canadian Solar worth $5,994,000 as of its most recent SEC filing. Parker Transformer

Other institutional investors have also added to or reduced their stakes in the company. Banque Cantonale Vaudoise lifted its position in Canadian Solar by 5.6% in the 2nd quarter. Banque Cantonale Vaudoise now owns 7,168 shares of the solar energy provider's stock valued at $223,000 after acquiring an additional 380 shares in the last quarter. abrdn plc lifted its position in Canadian Solar by 6.9% in the 2nd quarter. abrdn plc now owns 44,022 shares of the solar energy provider's stock valued at $1,371,000 after acquiring an additional 2,850 shares in the last quarter. Scotia Capital Inc. lifted its position in Canadian Solar by 5.7% in the 2nd quarter. Scotia Capital Inc. now owns 32,450 shares of the solar energy provider's stock valued at $1,011,000 after acquiring an additional 1,738 shares in the last quarter. Guinness Atkinson Asset Management Inc increased its stake in Canadian Solar by 6.0% in the 2nd quarter. Guinness Atkinson Asset Management Inc now owns 32,006 shares of the solar energy provider's stock valued at $997,000 after buying an additional 1,798 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its stake in Canadian Solar by 5.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 17,044 shares of the solar energy provider's stock valued at $635,000 after buying an additional 845 shares during the last quarter. 47.95% of the stock is owned by institutional investors. Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Wells Fargo & Company lifted their price target on shares of Canadian Solar from $33.00 to $46.00 and gave the company an "equal weight" rating in a research note on Thursday, February 9th. The Goldman Sachs Group lifted their price target on shares of Canadian Solar from $33.00 to $36.00 in a research note on Monday, January 30th. Finally, Roth Capital reiterated a "buy" rating on shares of Canadian Solar in a research note on Wednesday, November 23rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Canadian Solar presently has an average rating of "Hold" and a consensus target price of $42.25.Canadian Solar Stock Down 2.2 %

Canadian Solar stock opened at $38.94 on Monday. The firm has a market capitalization of $2.50 billion, a PE ratio of 14.32 and a beta of 1.44. The company's 50-day moving average is $37.64 and its 200-day moving average is $37.48. Canadian Solar Inc. has a fifty-two week low of $22.15 and a fifty-two week high of $47.69. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.17 and a quick ratio of 0.84.

Canadian Solar (NASDAQ:CSIQ - Get Rating) last released its quarterly earnings data on Tuesday, November 22nd. The solar energy provider reported $1.12 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.54. The company had revenue of $1.93 billion for the quarter, compared to analyst estimates of $2.07 billion. Canadian Solar had a net margin of 2.68% and a return on equity of 8.12%. Canadian Solar's revenue for the quarter was up 57.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.42 EPS. Sell-side analysts anticipate that Canadian Solar Inc. will post 2.59 earnings per share for the current year. Canadian Solar Profile (Get Rating)

Canadian Solar, Inc engages in the manufacture of solar photovoltaic modules and provides solar energy solutions. It operates through the Module and System Solutions (MSS) and Energy segments. The MSS segment involves in the design, development, manufacture, and sales of solar power products and solar system kits, and operation and maintenance services.Featured StoriesGet a free copy of the StockNews.com research report on Canadian Solar (CSIQ)MarketBeat Week in Review – 2/13 - 2/17Deere Stock Raises Outlook and is Ready to Power HigherDraftKings Crowning Achievement: Leverage Tesla Stock Comeback Is Picking Up SteamHow Abbott Labs, AbbVie Could Profit on Seizure Drug Formula

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